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Inflation Targeting is Neither Necessary Nor Sufficient


  • Tatom, John


Proponents of inflation targeting suggest that countries using this tool understand better, their responsibility for price stability and are able to better communicate their superior policy target. Thus, they also should achieve lower inflation. Fed Chair Ben Bernanke is a strong proponent of inflation targeting, conducting monetary policy to achieve an announced target. This article discusses whether inflation targeting is necessary.

Suggested Citation

  • Tatom, John, 2006. "Inflation Targeting is Neither Necessary Nor Sufficient," MPRA Paper 17828, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:17828

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    References listed on IDEAS

    1. Francis H Schott, 2005. "Inflation Targeting," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 40(1), pages 46-49, January.
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    More about this item


    Inflation targeting; monetary policy;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy


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